Masco Corporation (NYSE:MAS) – Investment analysts at FBR & Co lifted their Q3 2017 earnings per share estimates for shares of Masco Corporation in a research note issued to investors on Thursday. FBR & Co analyst A. Rygiel now expects that the construction company will earn $0.53 per share for the quarter, up from their prior estimate of $0.51. FBR & Co also issued estimates for Masco Corporation’s FY2017 earnings at $1.96 EPS and FY2018 earnings at $2.21 EPS.
Masco Corporation (NYSE:MAS) last released its earnings results on Thursday, July 27th. The construction company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco Corporation had a return on equity of 20,509.09% and a net margin of 7.09%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. ILLEGAL ACTIVITY NOTICE: “Brokers Offer Predictions for Masco Corporation’s Q3 2017 Earnings (NYSE:MAS)” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/08/10/brokers-offer-predictions-for-masco-corporations-q3-2017-earnings-nysemas-updated.html.
MAS has been the subject of a number of other reports. Barclays PLC increased their price target on Masco Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday. Longbow Research upgraded Masco Corporation from a “neutral” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, April 6th. Credit Suisse Group set a $36.00 price target on Masco Corporation and gave the company a “hold” rating in a research note on Thursday. Royal Bank Of Canada increased their price target on Masco Corporation from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $43.00 target price (up from $39.00) on shares of Masco Corporation in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $40.71.
Shares of Masco Corporation (NYSE MAS) opened at 38.57 on Monday. The firm has a market capitalization of $12.30 billion, a PE ratio of 23.85 and a beta of 1.56. Masco Corporation has a 1-year low of $29.38 and a 1-year high of $39.37. The stock has a 50 day moving average price of $38.40 and a 200 day moving average price of $35.56.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, July 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. Masco Corporation’s payout ratio is currently 24.69%.
In other Masco Corporation news, VP Renee Straber sold 4,452 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $38.58, for a total transaction of $171,758.16. Following the completion of the sale, the vice president now directly owns 65,961 shares in the company, valued at approximately $2,544,775.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lokeren Mary Ann Van sold 3,880 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $36.68, for a total value of $142,318.40. Following the sale, the director now owns 68,306 shares of the company’s stock, valued at $2,505,464.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,984 shares of company stock valued at $5,926,424. Company insiders own 1.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Braun Stacey Associates Inc. increased its stake in shares of Masco Corporation by 9.4% in the second quarter. Braun Stacey Associates Inc. now owns 315,704 shares of the construction company’s stock worth $12,064,000 after buying an additional 27,010 shares during the last quarter. River Wealth Advisors LLC increased its stake in shares of Masco Corporation by 8.2% in the second quarter. River Wealth Advisors LLC now owns 18,207 shares of the construction company’s stock worth $696,000 after buying an additional 1,380 shares during the last quarter. Nicolet Bankshares Inc. increased its stake in shares of Masco Corporation by 22.1% in the second quarter. Nicolet Bankshares Inc. now owns 10,374 shares of the construction company’s stock worth $396,000 after buying an additional 1,878 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Masco Corporation by 15.9% in the second quarter. Kornitzer Capital Management Inc. KS now owns 144,030 shares of the construction company’s stock worth $5,503,000 after buying an additional 19,745 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in shares of Masco Corporation by 0.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 44,697 shares of the construction company’s stock worth $1,708,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Masco Corporation Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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